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SunSirs: Liquefied Natural Gas (LNG) Market Prices Continuously Rise after National Day Holiday

October 11 2019 14:10:39     SunSirs (Selena)
  1. Price Trend

After the National Day holiday, the domestic liquefied natural gas (LNG) market began to improve. According to the data of SunSirs, the average price of LNG on the October 8 was 2,866.67 RMB/ton, and the average price on October 10 was 3,050 RMB/ton, and the price of LNG rose 6.4% in three days, which was 32.22% lower than the same period last year.

  1. Market Analysis

Products: According to the data of SunSirs, as of October 10, the LNG price of Inner Mongolia Ordos Xingxing Energy Co., Ltd. was 3,100 RMB/ton, and that of Inner Mongolia Etok Qianqi Shitai Natural Gas Co., Ltd. was 3,000 RMB/ton. The LNG price of Zizhou LNG Plant of Shaanxi Luyuan Natural Gas Co., Ltd. is 3,150 RMB/ton, that of Xinjiang Guanghui LNG Development Co., Ltd. is 2,510 RMB/ton, that of Qinshui XinAo LNG is 3,500 RMB/ton, that of Shaanxi Zhongyuan Green Energy LNG Co., Ltd. is 3,050 RMB/ton, and that of Qinghua Energy Group of Xinjiang is 3,200 RMB/ton. Local LNG prices have risen to higher levels.

Market: During the National Holidays, due to traffic obstruction, LNG shipment is not smooth, after the holiday, road transportation resumed smoothly, downstream began to actively replenish goods, terminal demand increased, coupled with cooler weather, northern cities gradually entered the winter heating period, LNG prices rose. At present, downstream demand is rising, LNG suppliers are optimistic, manufacturers are actively pushing up prices, LNG prices continue to rise within three days, with an increase of 6.4%, the market as a whole has been pushing up. LNG manufacturers adjust their prices according to their own conditions, and the market atmosphere improves.

Industry: According to the price monitoring of SunSirs, on October 10, 2019, there are seven kinds of commodities in the rising and falling list of commodity prices in the energy sector. The top three commodities were liquefied natural gas (LNG) (4.45%), liquefied petroleum gas (LPG) (1.51%) and naphtha (1.06%). There were five kinds of goods falling in the ring ratio. The first three products falling were MTBE (-0.87%), gasoline (-0.64%) and diesel (-0.49%). The average daily rise and fall was 0.39%.

3.  Market Forecast

Liquefied Natural Gas (LNG) analysts believe that the overall market mentality is good, coupled with the upcoming heating, market demand has increased, there is no obvious short-term, is expected to rise steadily in the future.

 

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